Fortum Oyj (FORTUM)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	FORTUM	Fortum Oyj	€2,500		3	EMEA	Feb 19, 2019

Tranche #1Fortum Oyj

currency

EUR

size (m)

1,000.000

maturity

Feb 27, 2023

type

Fixed

tenor

4.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+115 a

ipt-pxd

guidance

MS+95-100

spread

coupon

0.875%

spread set

price

99.64900

yield

0.965%

book size (m)

2,500

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,500

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Fortum Oyj

currency

EUR

size (m)

750.000

maturity

Feb 27, 2026

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+150 a

ipt-pxd

guidance

MS+135 a

spread

130

coupon

1.625%

spread set

price

99.93400

yield

1.635%

book size (m)

1,700

peak book (m)

x-covered

2.27

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,700

peak book (m)

x-covered

2.27

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #3Fortum Oyj

currency

EUR

size (m)

750.000

maturity

Feb 27, 2029

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

BBB

fitch

BBB

size description

re-open/tap

ipt

MS+180 a

ipt-pxd

guidance

MS+160-165

spread

160

coupon

2.125%

spread set

price

98.95300

yield

2.243%

book size (m)

1,700

peak book (m)

x-covered

2.27

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,700

peak book (m)

x-covered

2.27

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Book size: 2500; Registration: Reg S Only; Comments: EUR1bn bmk 4yr. Part of 3-trancher. Follows rshow. BBB/BBB (neg/st). Barc/BNPP/Nordea/Uni(B&D). IPTs MS+115 area, guidance MS+95/100, launched 1bn@+95, bk >2.5bn. 1mPC. MWC B+25. OBL 10/22 #176 +145.9 @101.81 HR 105%; 7 yr: Book size: 1700; Registration: Reg S Only; Comments: EUR750m 7yr EUR bmk. Part of 3-trancher. Follows rshow. BBB/BBB (neg/st). Barc/BNPP/Nordea/Uni(B&D). IPTs MS+150 area, guidance MS+135 area, launched 750m@+130, bk >1.7bn. MWC B+30, 3mPC. DBR 0.5% 2/26+184.6 @105.01 HR 91%; 10 yr: Book size: 1700; Registration: Reg S Only; Comments: EUR750m 10yr. Part of 3-trancher. Follows rshow. BBB/BBB (neg/st). Barc/BNPP/Nordea/Uni(B&D). IPTs MS+180 area, guidance MS+160/165, set MS+160, bk >1.7bn. MWC B+35, 3mPC. BUnd 0.25% 2/29+213.9 @101.45 HR 88%;

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